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The Small Business Innovation Research Program

Learn about the federal program that funds high-risk, early-stage technology R&D projects for small businesses. Stimulate innovation and increase commercialization. Total funding of $1.1 billion.

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The Small Business Innovation Research Program

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  1. The Small Business Innovation Research Program Presented by: Ken Dozier, Executive Director Date: April 2000 U S C E N G I N E E R I N G T E C H N O L O G Y T R A N S F E R C E N T E R A N A S A R E G I O N A L T E C H N O L O G Y T R A N S F E R C E N T E R h t t p : / / w w w . u s c . e d u / g o / t t c

  2. What is SBIR? SBIR is a federal set-aside program for small businesses. SBIR funds high-risk, early-stage technology R&D projects that have potential for commercial success. SBIR funds are not loans! Presented by: Ken Dozier Date: April 2000

  3. Objectives of the SBIR Program • Stimulate technological innovation • Use small business to meet federal R&D needs • Increase private sector commercialization derived from federal R&D • Encourage the participation by disadvantaged and minority persons in technological innovation Presented by: Ken Dozier Date: April 2000

  4. Agency SBIR Funding Levels Total of all agencies is approximately $1.1 Billion! DoD $540 Million (FY00) DHHS $307 Million (FY99) NASA $89.1 Million (FY99) DoE $80 Million (FY00) NSF $56 Million (FY99) USDA $13.3 Million (FY99) DoC $7.5 Million (FY99) DoT $7.4 Million (FY98) EPA $5.6 Million (FY97) DoED $5.3 Million (FY99) Presented by: Ken Dozier Date: April 2000

  5. Small Business Participants in SBIR • Eligibility criteria for small businesses to participate in SBIR: • U.S. owned and independently operated, with principal place of business in the U.S. • Organized for profit • Fewer than 500 employees, including all affiliates Presented by: Ken Dozier Date: April 2000

  6. The Three Phases of SBIR • Phase I: Feasibility Study • Funded at $50,000 to $100,000, depending on the agency • Six month effort • Phase II: Prototype Development • Funded at $225,000 to $750,000, depending on the agency • Up to two year effort • Phase III: Commercialization • No SBIR funds available for Phase III • Small business procures other development funds, product orders, intellectual property licenses, commercial partners, etc. Presented by: Ken Dozier Date: April 2000

  7. A Very Competitive Program Approximately 12% of Phase I proposals are funded, on average, across all agencies. Approximately 40% of Phase II proposals are funded, on average, across all agencies Presented by: Ken Dozier Date: April 2000

  8. You’re in Good Company in SBIR • Federal Express Corp. • Intel Corp. • Apple Computer, Inc. • Compaq Computer Corp. • Chiron Corp. • In their early days as small start-ups, all of these companies received support through the SBIR program or from SBA-sponsored Small Business Investment Companies. Presented by: Ken Dozier Date: April 2000

  9. Investment Sources for Formative Stage Companies Venture Capital SBIR/STTR Average of $7.5 million in first round* Family and Friends $350K to $850K per project Up to $100K Presented by: Ken Dozier Date: April 2000 * Price Waterhouse Coopers MoneyTree US Report, Full Year & Q4 1999 Results

  10. Who’s Getting the Venture Capital? • Total invested in 1999 was $35.6 billion • Internet companies received $19.9 billion in 1999 Presented by: Ken Dozier Date: April 2000 Source: Price Waterhouse Coopers MoneyTree US Report, Full Year & Q4 1999 Results

  11. For Further Information . . . • NASA Far West Regional Technology Transfer Center • http://www.usc.edu/go/TTC/NASA/SBIR/index.html • 213-743-2353 • 800-642-2872 • nasa@usc.edu • Participating agency SBIR web sites • eg. NASA • http://sbir.nasa.gov Presented by: Ken Dozier Date: April 2000

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